Luminar Technologies Inc started trading as a public company on Thursday under the ticker symbol LAZR, marking the second Silicon Valley firm to go public while working to deliver a key sensor for self-driving cars.
Luminar makes a lidar sensor, which helps gives vehicles a three-dimensional view of the road. It became public through a merger with Gores Metropoulos Inc, a special purpose acquisition company, or SPAC, a shell company that uses proceeds from an IPO to acquire a private company, typically within two years.
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